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URA, JTC launch four confirmed and reserve list sites
THE Urban Redevelopment Authority (URA) on Tuesday released two sites, one at Perumal Road and another at Toh Tuck Road, for sale under the second half 2016 Government Land Sales (GLS) programme.
The residential with first-storey commercial site at Perumal Road was launched for sale under the Confirmed List, while the residential site at Toh Tuck Road is available for sale on the Reserve List.
Together, these two sites can potentially yield about 525 residential units. The tender for the site at Perumal Road will close at 12 noon on Jan 10, 2017.
A site in the Reserve List is launched for tender only upon successful application by a developer, while Confirmed List sites are launched according to schedule, regardless of demand.
Separately, JTC on Tuesday also launched one Confirmed List site at Tampines Industrial Drive (Plot 1) and one Reserve List site at Tuas South Link 3 (Plot 24) under the second half 2016 Industrial GLS programme.
The 0.53-hectare Tampines Industrial Drive (Plot 1) site is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. The tender closes at 11am on Jan 24, 2017.
The 0.47-hectare Reserve List site at Tuas South Link 3 (Plot 24) is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4.
JTC said: "The launch of the sites is part of the government's efforts to offer more choices for industrial development."